Global Wind Power Outlook Faces Challenges Amidst US Weakness and China Slowdown
The anticipated growth in global wind power capacity over the next decade is expected to be lower than initially projected. This adjustment is attributed to financial challenges in the U.S. offshore wind industry and delays in approval and project execution in China. The global wind power sector, a cornerstone of the renewable energy landscape, is …
Funds warn slow transition to net zero puts Australia at risk of losing ‘attractive’ investments
A new report argues that $12bn a year on average between now and 2050 will be required to transition to renewable energy Industry super funds have warned the Albanese government that Australia’s energy transition risks falling behind as big funds chase more compelling investment opportunities in the US, UK and Europe. AustralianSuper, cbus, HostPlus, CareSuper, …
New Hampshire seeks IRA grant to help low-income residents
The state is seeking $70 million in federal funding and partnering with housing advocates in hopes of expanding access to solar power for low- and moderate-income residents. New Hampshire’s Department of Energy has requested a $70 million federal grant to expand community solar programs for low-income residents, an infusion of funds that supporters said could …
German producer price index slides for fourth consecutive month
The German producer price index slides for fourth month in a row on the back of shrinking energy and metal prices. Germany’s producer price index for October slid 11% year-on-year, as expected by analysts, further extending September 14.7% decline. This was the fourth consecutive month of weakness, mainly caused by energy and metal prices. The …
